PTC Thermistor Market Size, Share & Analysis by 2021 to 2028

The PTC thermistor market is expected to grow from US$ 372.06 million in 2021 to US$ 475.21 million by 2028; it is estimated to grow at a CAGR of 3.6% during 2021 to 2028.

PTC thermistor market Insights

Linear silicon PTC thermistors resistance rises with an increase in the temperature and exhibits a virtually linear positive temperature coefficient over the entire temperature range. The thermistor is useful for temperature compensation and measurement control system. Silicon PTC thermistors are very much reliable as they feature long operational lifetimes. PTC thermistors are widely required for automotive vehicles carburetor heating. PTC water heater utilizes PTC thermistor elements as a source of heat. A ceramic PTC thermistor is majorly utilized for the auxiliary electric heater of the air conditioner. Positive temperature coefficient (PTC) heaters provide safety and efficiency for electric vehicle (EV) heating systems. In an electric vehicle, the PTC heater runs off the high voltage battery for maximizing the power delivered to the heater. Automotive HVAC is a growing trend in today’s automobile sector across all the countries. Increasing buying capacity, decreasing interest rates, encouraging government initiatives, and easy finance availability drive the demand for electric vehicles across various countries of the world. Sales of electric vehicles in the US, China, and Europe markets increased by almost 160% i.e., around 2.5 million units in the first half of 2021, as compared to the previous year. In India, the Ministry of Road, Transport and Highways issued a draft notification that offered an exemption from paying for renewing or issuing registration certificates to the people having battery-operated vehicle. Also, stringent carbon emission norms in European countries are driving the demand for electric vehicles. Thus, the growing automobile industry is expected to create lucrative opportunities for respective PTC thermistor market during the forecast period.

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PTC Thermistor Market: Strategic Insights

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Impact of COVID-19 Pandemic on PTC Thermistor Market

South Africa, Saudi Arabia, Morocco, The United Arab Emirates (UAE), Egypt, and Kuwait are the key countries in the Middle East and Africa region that have faced the ill effects of the COVID-19 pandemic. The majority of economic operations in the region were suspended due to an increase in the number of COVID-19 cases in the region. Many countries in the African region as still in developing states and are not as developed as the countries of the Middle East. The UAE is a well-known tourist place that receives thousands of travelers throughout the year. Since the tourism sector in the country suffered considerable economic losses, due international travel ban, demand for respective electronic appliances and HVAC systems reduced notably. This impacted the demand for respective PTC thermistors. Moreover, the end-user industries in the region are highly dependent on international suppliers and witnessed significant supply chain disruption during Q2 of 2020. However, with the beginning of Q3 of 2020, the demand for various semiconductor products including PTC thermistors started increasing among the end-user industries owing to the re-initiation of the operations.

Type-Based Market Insights

Based on type, the global PTC thermistor market is segmented into ceramic PTC (Barium Titanate) and polymer PTC (Carbon Doped Polymer). The ceramic PTC segment dominated the market in 2020. To ensure that barium titanate-based semiconductor ceramic compositions can be utilized at higher temperatures for applications such as array of applications and thermistors for heaters, rising curie temperatures is needed. The PTC thermistor made up with a barium titanate-based semiconductor ceramic composition exhibits slight deterioration with time, that is excellent in reliability.

Mode-Based Market Insights

Based on mode, the PTC thermistor market is segmented into self heating mode and sensor mode. In terms of market share, the market was dominated by the self heating mode segment. Self-heated heat applications signifies the fact that when a voltage is implied to a thermistor & sufficient current flows, the temperature increases. As the Curie temperature is approached, resistance rises, enabling less current to flow. The self-heating effect is a phenomenon taking place when the current is flowing via thermistor.

Players operating in the PTC thermistor market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:

• In January 2020, Murata Manufacturing Co., Ltd. has commercialized the world's smallest PTC thermistor for mobile devices in the 0201 inch size (0.60.30.3mm) and has recently commenced mass production of this device under the component number PRG03BC181QB6RL.

PTC Thermistor Market Regional Insights

The regional trends and factors influencing the PTC Thermistor Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses PTC Thermistor Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

PTC Thermistor Market Market Report Scope

Market Players Density: Understanding Its Impact on Business Dynamics

The PTC Thermistor Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the PTC Thermistor Market are:

1. TE Connectivity Corporation
2. TDK Corporation
3. Texas Instruments Incorporated
4. Vishay Intertechnology, Inc.
5. ZIEHL industrie-elektronik GmbH + Co KG

Disclaimer: The companies listed above are not ranked in any particular order.

The PTC thermistor market is segmented based on type, mode, and application. Based on type, the PTC thermistor market is segmented into ceramic PTC (Barium Titanate) and polymer PTC (Carbon Doped Polymer). In terms of mode, the PTC thermistor market is segmented into self heating mode and sensor mode. In terms of application, the PTC thermistor market is segmented into telecommunications and networking, automotive system, industrial electronics, consumer electronics and home appliances, medical instruments, and others.

Bourns, Inc; Littelfuse, Inc.; Murata Manufacturing Co., Ltd; Polytronics Technology Corporation; and TE Connectivity are the key PTC thermistor market players considered for the research study. In addition, several other significant market players have been studied and analyzed in this research report to get a holistic view of the PTC thermistor market and its ecosystem.